NEW YORK, Dec. 24, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30, 2015.
AB Global High Income Fund, Inc. | |
Top 10 Fixed Income Holdings | Portfolio % |
1) U.S. Treasury Bonds 8.125%, 5/15/21 | 3.14% |
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 - 1/01/25 | 2.22% |
3) U.S. Treasury Notes 1.25%, 1/31/20 | 1.11% |
4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.401%, 1/25/37 | 0.98% |
5) U.S. Treasury Bonds 5.25%, 2/15/29 | 0.68% |
6) Ivory Coast Government International Bond 5.75%, 12/31/32 | 0.61% |
7) Dominican Republic International Bond 8.625%, 4/20/27 | 0.60% |
8) El Salvador Government International Bond 7.65%, 6/15/35 | 0.57% |
9) Dominican Republic International Bond 16.00%, 7/10/20 | 0.56% |
10) U.S. Treasury Bonds 5.00%, 5/15/37 | 0.43% |
Investment Type | Portfolio % |
Corporates - Non-Investment Grade | |
Industrial | |
Consumer Non-Cyclical | 7.58% |
Communications - Media | 5.76% |
Energy | 5.38% |
Capital Goods | 3.83% |
Communications - Telecommunications | 3.70% |
Consumer Cyclical - Other | 3.56% |
Technology | 3.04% |
Basic | 2.89% |
Consumer Cyclical - Retailers | 2.54% |
Consumer Cyclical - Automotive | 1.84% |
Other Industrial | 1.18% |
Transportation - Services | 0.72% |
Consumer Cyclical - Entertainment | 0.59% |
Services | 0.54% |
Transportation - Airlines | 0.49% |
Consumer Cyclical - Restaurants | 0.41% |
SUBTOTAL | 44.05% |
Financial Institutions | |
Banking | 4.75% |
Finance | 1.36% |
Insurance | 0.69% |
Other Finance | 0.46% |
Brokerage | 0.09% |
SUBTOTAL | 7.35% |
Credit Default Swaps | 4.16% |
SUBTOTAL | 4.16% |
Utility | |
Electric | 1.88% |
SUBTOTAL | 1.88% |
SUBTOTAL | 57.44% |
Global Governments | 11.06% |
Collateralized Mortgage Obligations | |
GSE Risk Share Floating Rate | 4.35% |
Non-Agency Fixed Rate | 3.40% |
Non-Agency Floating Rate | 3.01% |
SUBTOTAL | 10.76% |
Corporates - Investment Grade | |
Industrial | |
Basic | 1.59% |
Energy | 0.63% |
Communications - Media | 0.58% |
Communications - Telecommunications | 0.26% |
Capital Goods | 0.24% |
Other Industrial | 0.20% |
Technology | 0.20% |
Transportation - Airlines | 0.17% |
Consumer Non-Cyclical | 0.12% |
Consumer Cyclical - Other | 0.02% |
SUBTOTAL | 4.01% |
Financial Institutions | |
Insurance | 1.47% |
Banking | 0.82% |
REITS | 0.49% |
Finance | 0.22% |
Brokerage | 0.10% |
SUBTOTAL | 3.10% |
Credit Default Swaps | 0.73% |
SUBTOTAL | 0.73% |
Utility | |
Electric | 0.38% |
Natural Gas | 0.12% |
SUBTOTAL | 0.50% |
SUBTOTAL | 8.34% |
Commercial Mortgage-Backed Securities | |
Non-Agency Fixed Rate CMBS | 3.60% |
Credit Default Swaps | 0.88% |
Non-Agency Floating Rate CMBS | 0.19% |
SUBTOTAL | 4.67% |
Emerging Markets - Sovereigns | 3.63% |
Bank Loans | |
Industrial | |
Consumer Non-Cyclical | 0.46% |
Consumer Cyclical - Retailers | 0.45% |
Basic | 0.39% |
Consumer Cyclical - Other | 0.37% |
Other Industrial | 0.36% |
Consumer Cyclical - Entertainment | 0.23% |
Technology | 0.22% |
Communications - Media | 0.19% |
Energy | 0.17% |
Capital Goods | 0.11% |
Consumer Cyclical - Automotive | 0.07% |
SUBTOTAL | 3.02% |
Utility | |
Electric | 0.18% |
SUBTOTAL | 0.18% |
Financial Institutions | |
Insurance | 0.04% |
SUBTOTAL | 0.04% |
SUBTOTAL | 3.24% |
Interest Rate Swaps | 2.71% |
Emerging Markets - Corporate Bonds | |
Industrial | |
Consumer Non-Cyclical | 0.52% |
Capital Goods | 0.50% |
Basic | 0.45% |
Consumer Cyclical - Retailers | 0.32% |
Transportation - Airlines | 0.26% |
Communications - Telecommunications | 0.17% |
Consumer Cyclical - Other | 0.03% |
SUBTOTAL | 2.25% |
Utility | |
Electric | 0.15% |
SUBTOTAL | 0.15% |
Financial Institutions | |
Finance | 0.09% |
SUBTOTAL | 0.09% |
SUBTOTAL | 2.49% |
Preferred Stocks | |
Financial Institutions | 2.06% |
Utility | 0.03% |
SUBTOTAL | 2.09% |
Governments - Sovereign Agencies | 1.48% |
Local Governments - Municipal Bonds | 1.06% |
Asset-Backed Securities | |
Home Equity Loans - Fixed Rate | 0.77% |
Home Equity Loans - Floating Rate | 0.18% |
SUBTOTAL | 0.95% |
Whole Loan Trusts | |
Performing Asset | 0.95% |
SUBTOTAL | 0.95% |
Common Stocks | 0.77% |
Emerging Markets - Treasuries | 0.74% |
Total Return Swaps | 0.28% |
Quasi-Sovereigns | |
Quasi-Sovereign Bonds | 0.25% |
SUBTOTAL | 0.25% |
Agencies | |
Agency Subordinated | 0.15% |
SUBTOTAL | 0.15% |
Currency Instruments | |
Forward Currency Exchange Contracts | 0.15% |
SUBTOTAL | 0.15% |
Investment Companies | |
Funds and Investment Trusts | 0.15% |
SUBTOTAL | 0.15% |
Inflation-Linked Securities | 0.08% |
Warrants | 0.05% |
Reverse Repurchase Agreements | -8.36% |
Net Cash Equivalents | |
Cash | 2.33% |
Investment Companies | 1.31% |
SUBTOTAL | 3.64% |
Derivative Offsets | |
Swaps Offsets | -8.77% |
SUBTOTAL | -8.77% |
100.00% | |
Country Breakdown | Portfolio % |
United States | 69.47% |
Brazil | 4.34% |
United Kingdom | 3.52% |
Canada | 1.93% |
France | 1.75% |
Mexico | 1.61% |
Ireland | 1.43% |
Dominican Republic | 1.35% |
Luxembourg | 1.16% |
Netherlands | 1.10% |
Switzerland | 1.00% |
Germany | 0.89% |
South Africa | 0.81% |
Italy | 0.78% |
Ivory Coast | 0.68% |
United Arab Emirates | 0.64% |
Spain | 0.62% |
Indonesia | 0.60% |
El Salvador | 0.60% |
Bermuda | 0.51% |
Venezuela | 0.47% |
Colombia | 0.43% |
Croatia | 0.37% |
India | 0.31% |
Ghana | 0.30% |
Australia | 0.30% |
New Zealand | 0.26% |
Jamaica | 0.25% |
Turkey | 0.24% |
Barbados | 0.21% |
Portugal | 0.20% |
Macau | 0.19% |
Trinidad & Tobago | 0.17% |
Bulgaria | 0.14% |
Zambia | 0.14% |
Pakistan | 0.13% |
Lebanon | 0.12% |
Hong Kong | 0.10% |
Sri Lanka | 0.10% |
Sweden | 0.10% |
Denmark | 0.09% |
Uruguay | 0.07% |
Guatemala | 0.07% |
Peru | 0.07% |
Chile | 0.06% |
Kenya | 0.06% |
Morocco | 0.06% |
Angola | 0.06% |
Bahrain | 0.05% |
Norway | 0.04% |
Serbia | 0.03% |
Belgium | 0.02% |
Total Investments | 100.00% |
Net Currency Exposure Breakdown | Portfolio % |
United States Dollar | 99.06% |
Japanese Yen | 3.53% |
Indian Rupee | 1.24% |
Dominican Peso | 0.56% |
New Turkish Lira | 0.50% |
Hungarian Forint | 0.16% |
Uruguayan Peso | 0.08% |
Mexican Peso | 0.03% |
South African Rand | 0.01% |
Indonesian Rupiah | 0.01% |
Norwegian Krone | -0.02% |
Colombian Peso | -0.05% |
Brazilian Real | -0.05% |
Singapore Dollar | -0.50% |
Canadian Dollar | -0.50% |
Taiwan New Dollar | -1.01% |
Great British Pound | -1.12% |
Euro | -1.93% |
Total Net Assets | 100.00% |
Credit Rating | Portfolio % |
AAA | -1.48% |
AA | 0.67% |
A | 2.47% |
BBB | 15.45% |
BB | 30.15% |
B | 22.96% |
CCC | 12.52% |
CC | 1.20% |
C | 0.03% |
D | 0.67% |
Not Rated | 8.11% |
Short Term Investments | 1.31% |
N/A | 5.94% |
100.00% | |
Bonds By Maturity | Portfolio % |
Less than 1 year | 1.64% |
1 to 5 years | 32.72% |
5 to 10 years | 48.63% |
10 to 20 years | 9.46% |
20 to 30 years | 5.14% |
More than 30 years | 1.59% |
Other | 0.82% |
Total Net Assets | 100.00% |
Portfolio Statistics: | |
Average Coupon: | 7.10% |
Average Bond Price : | 96.34 |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 19.61%* |
Preferred Stock: | 0.00% |
Tender Option Bonds: | 0.00% |
VMTP Shares: | 0.00% |
Total Fund Leverage: | 19.61% |
Average Maturity: | 8.01 Years |
Effective Duration: | 4.93 Years |
Total Net Assets: | $1,110.24 Million |
Net Asset Value: | $12.88 |
Number of Holdings: | 1148 |
Portfolio Turnover: | 48% |
* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.- registered management investment company advised by AllianceBernstein L. P.
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SOURCE AB Global High Income Fund, Inc.